CCLCarnival Corporation

Consumer discretionary · Cruise Lines & Shipping · NYSE

Carnival Corporation was incorporated in Panama in 1974 and Carnival plc was incorporated in England and Wales in 2000. 10-K, Item 1

Employees: 101,000
Headquarters: Miami, FL
CEO: joshua ian weinstein
Next results: around Dec 18, 2026

Compare with peers → Embed

RevenueFY2016–25 $26.6B+6.4% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $2.8B+44.1% FY2024: $1.9B 10-K FY2025 · XBRL Free cash flowFY2016–25 $2.6B+101.0% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 16.8%+2.6 pts 18.7% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Jan 27, 2026 against Jan 27, 2025

Area	What changed	Source
Risk factors	7 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	11 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	1 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Jan 27, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-01-27. Quoted as filed.

k. Our investments in port destinations and exclusive islands may expose us to additional risks. We continue to invest in expanding and enhancing our portfolio of port destinations and exclusive islands, which could increase our exposure to certain risks. These risks include susceptibility to weather events, exposure to local…
10-K, Item 1A

All 7 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +14.9% vs revenue +6.4% (+8.5 pts)
✓
Cash from operations $6.2B vs net income $2.8B (FY ending 2025-11-30)
✓
Inventory -0.4% vs revenue +6.4% (-6.8 pts)
✓
Same auditor in both 10-Ks: Deloitte & Touche LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Debt
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 4, 20268-K Material agreement signed, New debt or obligation 8-K items 1.01, 2.03

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